[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-4444":3},{"rec_id":4,"title":5,"text":6},"4444","Do I have to report my canceled debt as income?","You may qualify to \u003Cb>not\u003C/b> have to report the \u003Ci>1099-C\u003C/i> amounts as income if you were bankrupt or insolvent at the time the debt was canceled or if your canceled debt was qualified mortgage forgiveness.\r\n\u003Cbr>\u003Cbr>\r\nWe'll help you decide whether or not you qualify to exclude your canceled debt from your taxable income, then we'll calculate the amount you're allowed to exclude.\r\n\u003Cbr>\u003Cbr>\r\nIf you need help to determine your amount of insolvency, use the IRS \u003Ca href=\"https://www.freetaxusa.com/taxes2025/formdownload?sid=20&form=f_insolvency_wkst.pdf\" target=\"_blank\">\u003Ci>Insolvency Worksheet\u003C/i>\u003Cspan class=\"append_pdf\"> \u003C/span>\u003C/a>.",1777391544099]